May 14, 2026

Naira Appreciates Against Dollar at Parallel Market

By Farouk Mohammed

Naira

 

The Nigerian Naira on Wednesday appreciated against the dollar at the parallel market, due to low demand for the greenback.

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The Nigerian currency gained N5 in Lagos to exchange at N460 to a dollar from N465 recorded on Tuesday.

Also, the Pound Sterling and Euro closed at N560 and N500 respectively.

At the Bureau De Change, BDC, window, the dollar was sold at N385, being the Central Bank of Nigeria controlled rate.

Also, the Pound Sterling and Euro traded at N560 and N503 respectively.

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